Ecommerce Industry News
PayPal acquired a 70% stake in Chinese company Gopay, becoming the first foreign company to acquire a payments license in China, according to the Financial Times. The UK newspaper said China’s online payments market is […]
Amazon is making it easier to buy with cash with the launch of Amazon PayCode in the US today. Customers who pay using Amazon PayCode have 24 hours after their order is placed to provide […]
A warning for sellers: if you have or are expecting Money Orders from Canadian customers, you have until August 30th to cash them. The same is true in reverse for Canadian sellers dealing with US […]
In a recent blog post marking 25 years of ecommerce, Visa noted that the first ecommerce payment was made on the Visa network on August 11, 1994. A lot has changed since then, but fraud […]
The Federal Reserve Board announced a plan on Monday to develop a new round-the-clock, real-time payment and settlement service to support faster payments, called the FedNow Service. Possible winners: tech companies and small banks; possible […]
Mercari’s payments subsidiary Merpay has entered into an alliance with another payment service with the goal of promoting a “cashless society,” beginning in Japan. Mercari Inc. established Merpay Inc. in November 2017 as a fully-owned […]
Amazon is making it easier for US merchants to accept its payments solution off-Amazon thanks to a deal with Worldpay, which announced Wednesday it is the first acquirer enabling Amazon Pay for its merchants. Worldpay […]
Shoppers in certain countries will be able to shop on Amazon and pay in person in their local currency through Western Union thanks to a new agreement. Customers in those select countries will be offered […]
PayPal announced a collaboration with retail giant Walmart that gives “cash in, cash out” capabilities to PayPal customers. Beginning in November, people will be able to move money in and out of their PayPal accounts […]
Bonanza is integrating with Stripe to allow sellers to seamlessly offer credit card payments. However, only sellers with Gold membership or higher will be allowed to offer checkout with Stripe, at least initially. Currently all […]